Karl Holz to leave EDL s.c.a.

EURO DISNEY S.C.A.
PHILIPPE GAS TO ASSUME TOP DUTIES AT EURO DISNEY

Marne-la-Vallée, April 11, 2008 – Euro Disney S.C.A. today announced the nomination of Philippe Gas to the position of Président of Euro Disney S.A.S., the management company of Euro Disney S.C.A. and Euro Disney Associés S.C.A., the operator of Disneyland® Resort Paris. Philippe will take over the responsibilities of Karl Holz who has been appointed President, New Vacation Operations, Walt Disney Parks and Resorts.

James A. Rasulo, Chairman, Walt Disney Parks and Resorts said: “ Philippe’s 17 years of Disney experience, more than half of which was spent at Disneyland Resort Paris, along with his expertise in human resources ideally prepares him to lead Euro Disney’s team of 12,300 cast members. Together with the strong international management team, Philippe is committed to the Company’s long-term strategy and to its continued growth as Europe’s number 1 tourist destination”.

Philippe’s appointment will be effective on September 1, 2008. He will transition into this new role over the summer, working closely with Karl to ensure continued commitment to the Company’s long term strategic priorities : driving results towards profitability ; providing a high-quality guest experience ; and developing our cast members.

Philippe Gas, 44 and a 17-year Disney veteran, has extensive experience with both Euro Disney and Walt Disney Parks & Resorts worldwide. After having completed his master of law from the University of Paris Assas, he joined the Disney organization in 1991 as Finance Controller and was a member of the opening team at Disneyland Resort Paris. Over the next six years, he held a variety of positions at the Resort. In 1997, he was promoted to Director, Corporate Compensation and moved to The Walt Disney Company headquarters in Burbank, California. In 2000, he served as Regional Vice President, Human Resources, The Walt Disney Company Asia-Pacific, overseeing the HR strategy in 13 countries in Asia – first based in Tokyo and then in Hong Kong.

In 2004, he returned to Disneyland Resort Paris as Senior Vice President, Human Resources, where he was responsible for all HR Operations for its more than 12,300 cast members. In 2005 he was appointed Senior Vice President, International Human Resources, Walt Disney Parks and Resorts and in 2006, he was promoted to his current position as Executive Vice President, Human Resources, Diversity & Inclusion for Walt Disney Parks & Resorts worldwide. In this role, he is responsible for the Human Resources strategy and services for nearly 100,000 Cast Members.

Philippe said : “ I am pleased to return to Disneyland Resort Paris, where I started my Disney career to build on the solid foundation which Karl and the leadership team have achieved. I look forward to working with the cast to continue delivering high-quality Disney experience for all of our guests”.

Re: Karl Holz leaves EDL s.c.a.

Shame Karl Holz is leaving so soon, as he had so much left to do, but his legacy surrounding the Paris park was that he was able to make a profit out of it again. Who knows maybe its time Philippe Gas takes over he's got the experience and is already a Disney guy, and not some Burger King president. New blood may be what this Resort needs, good luck to both Karl and Philippe in there new roles.